{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-038311","form_type":"8-K","ticker":"ADV","cik":"0001776661","company_name":"Advantage Solutions Inc.","filed_at":"2023-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.187823+00:00","generated_at":"2026-06-12T06:12:33.808843+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Advantage Solutions Q2 rev +5.7% to $1.04B; net loss $7.8M; reaffirms FY Adj EBITDA guidance $400-420M","bullets":["Revenue $1.04B, up 5.7% YoY; Marketing segment +16.0% to $437M, Sales -0.7% to $600M.","Net loss $7.8M vs net income $3.7M YoY; operating income $22.3M vs $28.3M.","Adjusted EBITDA $104.2M, down 3.8% YoY; margin ~100bps decline.","Voluntarily repurchased $52.4M of term loan at discount; net leverage 4.3x.","Reaffirmed FY2023 Adj EBITDA guidance of $400M-$420M, including divestiture impact."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-038311","json":"https://secwatch.observer/filing/0000950170-23-038311.json","markdown":"https://secwatch.observer/filing/0000950170-23-038311.md","text":"https://secwatch.observer/filing/0000950170-23-038311.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1776661/000095017023038311/0000950170-23-038311-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1776661/000095017023038311/adv-20230804.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T06:12:33.808843+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d9bfb8cf2adb9e11ef8c95cda0687af2a5ac5336","claim":"Advantage Solutions Inc. reported second quarter ended June 30, 2023 results: revenue $1,037.1 million, net income Net loss in the quarter was $7.8 million. Guidance reaffirmed.","evidence_excerpt":"% Sales $ 63,678 $ 71,753 $ (8,075) (11.3)% Marketing 40,534 36,569 3,965 10.8% Total Adjusted EBITDA $ 104,212 $ 108,322 $ (4,110) (3.8)% • Revenues for the second quarter were $1,037.1 million, up $56.0 million, or 5.7%, from second quarter 2022 revenues of $981.1 million. Excluding the impact of unfavorable foreign exchange rates and acquisitions / divestitures,","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1776661/000095017023038311/0000950170-23-038311-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"Revenue","value":"$1,037.1 million"},{"label":"Net income","value":"Net loss in the quarter was $7.8 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}